Indian Oil Corporation Limited, India’s state-owned oil company, has expressed interest in investing in Tanzania’s oil sector, aiming to boost energy supply and support economic growth, Daily News reported.
Suman Kumar, Director for Planning and Business at Indian Oil, said Tanzania’s growing economy, expanding population, and rapid urbanisation are driving increased demand for petroleum products, liquefied petroleum gas (LPG), and other energy services, presenting significant market opportunities.
Makamba welcomed the interest from foreign investors and said Tanzania is open to international partnerships in the petroleum and LPG sector. She urged companies to set up local operations and join joint fuel procurement initiatives to boost competition and secure a stable, affordable fuel supply.
Tanzania’s energy sector has been actively developing infrastructure to meet growing fuel and LPG demand. As bne IntelliNews reported, the Petroleum Bulk Procurement Agency (PBPA) began upgrading seaport infrastructure, pipelines, and storage facilities in August 2025 to facilitate LPG imports under the national Bulk Procurement System. According to the Energy and Water Utilities Regulatory Authority (EWURA), LPG imports rose by 16% in 2022/23 to 293,167 tonnes, underscoring the rising demand.